What is the price of rapeseeds (canola) per kilogram/pound in United Kingdom (UK) today?
The retail price range for United Kingdom (UK) rapeseeds (canola) is between US$ 8.89 and US$ 14.82 per kilogram or between US$ 4.03 and US$ 6.72 per pound(lb). Click here to see today's exact prices of rapeseeds (canola) in United Kingdom (UK)
The retail price range in British pound sterling for rapeseeds (canola) is between GBP 7.14 and GBP 11.91 per kilogram or between GBP 3.24 and GBP 5.40 per pound(lb) in London and Birmingham.
Wholesale prices
In 2024, the approximate wholesale price range for United Kingdom (UK) rapeseeds (canola) is between US$ 6.22 and US$ 10.37 per kilogram or between US$ 2.82 and US$ 4.70 per pound(lb).
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United Kingdom (UK) Rapeseeds (canola) Export Prices - Historical, Trends and Prediction
The export price per kilogram of Rapeseeds (Canola) from the United Kingdom (UK) over the last five years has seen a steady decline. In 2021, the price was 0.83 US $ per kg, which was the highest in the last five years. In 2022, the price dropped to 0.54 US $ per kg, which is the lowest in the last five years. The prices in the years 2011, 2012, 2013, 2014, and 2015 were 0.61, 0.60, 0.61, 0.50, and 0.45 US $ per kg respectively. The prices in the years 2016, 2017, 2018, 2019, and 2020 were 0.43, 0.51, 0.49, 0.51, and 0.49 US $ per kg respectively. Based on this data, it is predicted that the export price per kilogram of Rapeseeds (Canola) from the United Kingdom (UK) in 2023 and 2024 will be 0.54 and 0.51 US $ per kg respectively.The United Kingdom (UK) rapeseeds (canola) exports are classified as:
- Low erucic acid rape or colza seeds "yielding a fixed oil which has an erucic acid content of < 2% and yielding a solid component of glucosinolates of < 30 micromoles/g" (HS code 120510)
- High erucic rape or colza seeds "yielding a fixed oil which has an erucic acid content of >= 2% and yielding a solid component of glucosinolates of >= 30 micromoles/g", whether or not broken (HS code 120590)
- Rape or colza seeds, whether or not broken (HS code 120500)
United Kingdom (UK) Rapeseeds (canola) Import Prices - Historical, Trends and Prediction
Export values for United Kingdom (UK) rapeseeds (canola)
The total values in export for rapeseeds (canola) in United Kingdom (UK) were US$ 129,978, US$ 72,491, US$ 65,805 and US$ 37,830 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Oil Seeds category in United Kingdom (UK): Linseed (Flax), Sunflower Seeds, Cotton Seeds, Castor (Ricinus) Seeds, Sesame Seeds, Mustard Seeds, Safflower, Melon Seeds, Poppy Seeds & Shea Nuts.
See prices of rapeseeds (canola) in other countries across Europe: Georgia rapeseeds (canola), Albania rapeseeds (canola), Belarus rapeseeds (canola), Bosnia and Herzegovina rapeseeds (canola), Bulgaria rapeseeds (canola), Croatia rapeseeds (canola), Czech Republic rapeseeds (canola), Estonia rapeseeds (canola), Greece rapeseeds (canola) & Hungary rapeseeds (canola).
United Kingdom (UK) rapeseeds (canola) - Production, Exports, Imports, Seasons and HS Codes
The quantity of rapeseeds (canola) sold by United Kingdom (UK) in 2020 was 114,365 metric tonnes. In 2019 United Kingdom (UK) shipped 73,588 tonnes of rapeseeds (canola). For the year 2019 alone, the interest in United Kingdom (UK) rapeseeds (canola) (oil seeds category) has gone down, changing by -45.377 per cent compared to the year 2018. Between 2017 and 2019, rapeseeds (canola)'s exports decreased by -48.67 pc netting the exporter US$37.83m for the year 2019. United Kingdom (UK)'s rapeseeds (canola) exports are classified as:
- Low erucic acid rape or colza seeds "yielding a fixed oil which has an erucic acid content of < 2% and yielding a solid component of glucosinolates of < 30 micromoles/g" (HS code 120510)
- High erucic rape or colza seeds "yielding a fixed oil which has an erucic acid content of >= 2% and yielding a solid component of glucosinolates of >= 30 micromoles/g", whether or not broken (HS code 120590)
- Rape or colza seeds, whether or not broken (HS code 120500)
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United Kingdom (UK) rapeseeds (canola) export values
In 2019, United Kingdom (UK) sold rapeseeds (canola) costing 37.83m USD, a decrease of -42.51% from 2018's total rapeseeds (canola) export of 65.805m USD. The yearly reduction in value of United Kingdom (UK) rapeseeds (canola) between 2017 to 2018 was -9.223%.
The yearly variation in the quantity of United Kingdom (UK)'s rapeseeds (canola) exports between 2017 and 2019 was -48.67% when compared to a variation of -45.377% in the growth rate between 2018 and 2019.
United Kingdom (UK)'s stake of the world's total rapeseeds (canola)'s exports in 2019 was 4.1 pc. The country is ranked number 5 in world exports of rapeseeds (canola).
Export markets for United Kingdom (UK) rapeseeds (canola) ( in '000$ )
United Kingdom (UK)'s best performing destinations for rapeseeds (canola) are the Netherlands, Germany, Sweden, Denmark and Belgium.
Import/Export Trends
United Kingdom (UK) is a net exporter of rapeseeds (canola). The annual growth of United Kingdom (UK) rapeseeds (canola) in value between 2015 to 2019 was -9%, per year, while annual growth in quantity for the same period was -4%, per annum.
United Kingdom (UK) ordered 356,158 tonnes of rapeseeds (canola) in 2019.
Production
The production of rapeseeds (canola) in United Kingdom (UK) was 5,256,000 tonnes in 2019 and is predicted to change by an average of -12.92%. The country had approximately 1,590,000.00 hectares under rapeseeds (canola) cultivation.